ETR 0.00% 0.7¢ entyr limited

oil coming shortly, page-4

  1. 7,877 Posts.
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    Jin , plenty if junior stocks with no debt ( which ctr has by the way ) , cash, Producing oil etc with LESS market cap than $14m . Just because te stock fell from 2 c to 1.2 c doesn't mean it is undervalued at current prices. People talk about $9m profit per annum but last qtr profit was neglible. Until the company makes a few million profit per annum share price will stay where it is or drift.

    Look at GGE - producing hundreds of barrels per day and has a market cap lower than CTR.

    CTR was trading on expectation of 1000 BOPD + and as it isn't eventuating it's been sold down . No tree shaking , nervous nellies etc - simply reverting back to market value with a possible cap raise.

    Aztam 5 may flow, say 1000 BOPD naturally , though if you can only pump at say 200 BOPD , market will react accordingly.

    Good luck
 
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